Help me out here. Isn't the form of government that takes over management of private companies and takes financial stakes in corporations called... communism or socialism?
@petergleick no, neither of those things. In #Communism, the state withers away entirely and all power devolves down to local communes within which most property is held in common. In #Socialism, the means of production are owned and controlled by the workers, again leaving no role for the state.
